Latest news with #WealthforGoodinHongKongSummit
South China Morning Post
30-03-2025
- Business
- South China Morning Post
Another 150 family offices express interest in setting up in Hong Kong
About 150 new family offices attracted by innovation and technology developments and an emerging art market in Hong Kong have expressed an interest in settling in the city, despite intensified geopolitics and the tensions brought about by CK Hutchison Holdings' Panama port sale, the investment chief has revealed. Advertisement Of the 150 offices, 80 are from mainland China and Taiwan, 30 from Europe, 20 from Asia and 20 from the United States and other places, according to InvestHK. 'Now many of them [wealthy families] look at alternatives such as sustainability investments, green investments or technology investments,' InvestHK director-general Alpha Lau Hai-suen said in an exclusive interview with the Post on Tuesday, the day before the city hosted the Wealth for Good in Hong Kong Summit. Wealthy families, especially their second generation, were interested in emerging market assets such as art rather than just traditional options like bonds, added Lau, who heads the office created for attracting foreign direct investment and promoting the city's opportunities. 'There are increasing investments in arts such as artwork,' she said. Advertisement Lau attributed the increase to Hong Kong being a vibrant hub for art and culture, and many auction houses choosing the city as their Asian headquarters.
Bahrain News Gazette
29-03-2025
- Business
- Bahrain News Gazette
Wealth for Good in Hong Kong Summit 2025 reinforces city's role as global family office hub, driving innovation, collaboration and lasting legacies
HONG KONG SAR – Media OutReach Newswire – 28 March 2025 – The Wealth for Good in Hong Kong Summit (WGHK) which has brought to Hong Kong some 360 influential global family office principals, visionary leaders and industry pioneers concluded today (March 26). Themed 'Hong Kong of the World, for the World', the event demonstrated Hong Kong's unparalleled strengths as a bridge between East and West, where innovation, investment, and cross-cultural collaboration flourish. Co-organised by the Financial Services and the Treasury Bureau and Invest Hong Kong (InvestHK), the third edition of the Summit delivered an influential platform for collaboration and innovation and drew global decision-makers from regions including the Mainland, Asia, Europe, the Americas, the Middle East, Africa and Hong Kong to engage in interactive discussions exploring how wealth can drive social progress and sustainable impact. As a flagship event of the Wealth and Investment Mega Event Week during Hong Kong Super March, the WGHK was opened by the Financial Secretary, Mr Paul Chan. He said, 'Family offices play a vital role in preserving family wealth, creating lasting influences through philanthropy worldwide and leading impact investment. As an international financial centre, we have a robust network of world-class financial service professionals and offer an extensive array of investment opportunities. In this city, international foundations, charities and non-governmental organisations come together to form a vibrant philanthropy network. We are also investing heavily to propel Hong Kong's development in innovation and technology like green tech and AI, benefiting the future of humanity. All these, together with the quality lifestyle in Hong Kong, the convergence of Eastern and Western cultures, the dazzling array of mega events, make Hong Kong the ideal place for family offices to thrive and realise their ambitions.' The Secretary for Financial Services and the Treasury, Mr Christopher Hui, stated that the well-received event reaffirmed Hong Kong's stature as a pre-eminent global hub for family offices. He said, 'This vibrant city – a beacon of opportunity, a super connector between East and West, and a thriving hub for over 2 700 single family offices – is where your vision, your capital, and your passion can flourish. Together, we stand on the cusp of a new era, one where wealth is not just preserved but harnessed as a force for good, transcending borders and generations. I invite you to join us in a shared mission: to build, to learn, and to give. These three pillars will define our collaboration, inspiring you to leverage Hong Kong's unique ecosystem to create a lasting impact.' The Director-General of Investment Promotion at InvestHK, Ms Alpha Lau, said, 'Hong Kong is Asia's leading global hub for wealth management, innovation, and sustainable investment. The WGHK again proved to be an exceptional platform for thought leadership, uniting global family offices to exchange ideas and drive positive change while leveraging the city's robust financial infrastructure and connectivity. At InvestHK, we are dedicated to supporting global investors in unlocking new opportunities and making a lasting impact in Asia and beyond.' The WGHK featured a distinguished lineup of international speakers who shared insights on the transformative power of wealth. Through insightful sharing of speakers on three sub-themes at panel discussions, participants delved into the evolving landscape of art, culture and luxury, the strategic delivery of impact philanthropy, and the expanding role of technology and artificial intelligence in driving sustainable wealth creation. There was also a fireside chat discussing on the theme 'Crafting Success Across Continents and Industries'. Many speakers today rated Hong Kong highly as an ideal place for setting up family offices. Founder of ADLEGACY, Mr Horst Bente, said, 'Hong Kong has always been a special place for our family. The expansion of the company in the '60s and '70s to Asia came through Hong Kong. My parents and I were here when I was a little boy, so we've spent a lot of time in this city. To me, Hong Kong has always been the gateway to Asia. Investors are here, money is here, and obviously the talent is here. Hong Kong has a dynamic energy, brand-new facilities, and a genuine enthusiasm for sports. We want to be part of that and help create something that doesn't exist here yet.' The Vice Chairman of Swarovski International Holding, Mr Robert Buchbauer, said, 'When I look at Hong Kong, I see a city that offers stability, predictability, and an environment that is business-friendly – key elements for any family office seeking a solid foundation for long-term growth. People in Hong Kong want to do business, and that entrepreneurial spirit hasn't changed. It's what makes Hong Kong so dynamic and a perfect place for legacy-focused companies like ours to explore new partnerships and paths for growth.' The Co-founder and Chairman of Alibaba Group, Mr Joe Tsai, said, 'I first discovered Hong Kong in the 1980s, and it struck me as a truly international city with an unmatched entrepreneurial energy. Even through challenging times, Hong Kong's free-market DNA, vibrant financial markets, and supportive tax environment stand out – making it, in my view, one of the best places for businesses and family offices to thrive.' The Summit concluded with a Gala Dinner, uniting family offices and industry leaders from around the world for an evening of connections and insight-sharing. Set against the stunning backdrop of Victoria Harbour and Hong Kong's iconic skyline, attendees engaged in meaningful discussions about family legacies and opportunities, and appreciated the city's energy, entrepreneurial spirit, and commitment to fostering innovation and collaboration.
Zawya
28-03-2025
- Business
- Zawya
Wealth for Good in Hong Kong Summit 2025 reinforces city's role as global family office hub, driving innovation, collaboration and lasting legacies
HONG KONG SAR - Media OutReach Newswire - 28 March 2025 - The Wealth for Good in Hong Kong Summit (WGHK) which has brought to Hong Kong some 360 influential global family office principals, visionary leaders and industry pioneers concluded today (March 26). Themed "Hong Kong of the World, for the World", the event demonstrated Hong Kong's unparalleled strengths as a bridge between East and West, where innovation, investment, and cross-cultural collaboration flourish. Co-organised by the Financial Services and the Treasury Bureau and Invest Hong Kong (InvestHK), the third edition of the Summit delivered an influential platform for collaboration and innovation and drew global decision-makers from regions including the Mainland, Asia, Europe, the Americas, the Middle East, Africa and Hong Kong to engage in interactive discussions exploring how wealth can drive social progress and sustainable impact. As a flagship event of the Wealth and Investment Mega Event Week during Hong Kong Super March, the WGHK was opened by the Financial Secretary, Mr Paul Chan. He said, "Family offices play a vital role in preserving family wealth, creating lasting influences through philanthropy worldwide and leading impact investment. As an international financial centre, we have a robust network of world-class financial service professionals and offer an extensive array of investment opportunities. In this city, international foundations, charities and non-governmental organisations come together to form a vibrant philanthropy network. We are also investing heavily to propel Hong Kong's development in innovation and technology like green tech and AI, benefiting the future of humanity. All these, together with the quality lifestyle in Hong Kong, the convergence of Eastern and Western cultures, the dazzling array of mega events, make Hong Kong the ideal place for family offices to thrive and realise their ambitions." The Secretary for Financial Services and the Treasury, Mr Christopher Hui, stated that the well-received event reaffirmed Hong Kong's stature as a pre-eminent global hub for family offices. He said, "This vibrant city - a beacon of opportunity, a super connector between East and West, and a thriving hub for over 2 700 single family offices - is where your vision, your capital, and your passion can flourish. Together, we stand on the cusp of a new era, one where wealth is not just preserved but harnessed as a force for good, transcending borders and generations. I invite you to join us in a shared mission: to build, to learn, and to give. These three pillars will define our collaboration, inspiring you to leverage Hong Kong's unique ecosystem to create a lasting impact." The Director-General of Investment Promotion at InvestHK, Ms Alpha Lau, said, "Hong Kong is Asia's leading global hub for wealth management, innovation, and sustainable investment. The WGHK again proved to be an exceptional platform for thought leadership, uniting global family offices to exchange ideas and drive positive change while leveraging the city's robust financial infrastructure and connectivity. At InvestHK, we are dedicated to supporting global investors in unlocking new opportunities and making a lasting impact in Asia and beyond." The WGHK featured a distinguished lineup of international speakers who shared insights on the transformative power of wealth. Through insightful sharing of speakers on three sub-themes at panel discussions, participants delved into the evolving landscape of art, culture and luxury, the strategic delivery of impact philanthropy, and the expanding role of technology and artificial intelligence in driving sustainable wealth creation. There was also a fireside chat discussing on the theme "Crafting Success Across Continents and Industries". Many speakers today rated Hong Kong highly as an ideal place for setting up family offices. Founder of ADLEGACY, Mr Horst Bente, said, "Hong Kong has always been a special place for our family. The expansion of the company in the '60s and '70s to Asia came through Hong Kong. My parents and I were here when I was a little boy, so we've spent a lot of time in this city. To me, Hong Kong has always been the gateway to Asia. Investors are here, money is here, and obviously the talent is here. Hong Kong has a dynamic energy, brand-new facilities, and a genuine enthusiasm for sports. We want to be part of that and help create something that doesn't exist here yet." The Vice Chairman of Swarovski International Holding, Mr Robert Buchbauer, said, "When I look at Hong Kong, I see a city that offers stability, predictability, and an environment that is business-friendly - key elements for any family office seeking a solid foundation for long-term growth. People in Hong Kong want to do business, and that entrepreneurial spirit hasn't changed. It's what makes Hong Kong so dynamic and a perfect place for legacy-focused companies like ours to explore new partnerships and paths for growth." The Co-founder and Chairman of Alibaba Group, Mr Joe Tsai, said, "I first discovered Hong Kong in the 1980s, and it struck me as a truly international city with an unmatched entrepreneurial energy. Even through challenging times, Hong Kong's free-market DNA, vibrant financial markets, and supportive tax environment stand out - making it, in my view, one of the best places for businesses and family offices to thrive." The Summit concluded with a Gala Dinner, uniting family offices and industry leaders from around the world for an evening of connections and insight-sharing. Set against the stunning backdrop of Victoria Harbour and Hong Kong's iconic skyline, attendees engaged in meaningful discussions about family legacies and opportunities, and appreciated the city's energy, entrepreneurial spirit, and commitment to fostering innovation and collaboration. Hashtag: #WGHK The issuer is solely responsible for the content of this announcement. Wealth for Good in Hong Kong Summit
Associated Press
27-03-2025
- Business
- Associated Press
Principal dinner sets the stage for Wealth for Good in Hong Kong Summit
HONG KONG SAR - Media OutReach Newswire - 27 March 2025 - Some 130 influential family office principals and family members from the Mainland, Asia, Europe, the Americas and the Middle East gathered at a principal dinner organised by the Government this evening (March 25) to set the stage for the third edition of the annual Wealth for Good in Hong Kong Summit (WGHK) to be held tomorrow, reaffirming the city's role as a premier global hub for family offices. In his welcome remarks, the Acting Chief Executive, Mr Chan Kwok-ki, said, 'Hong Kong is a super-connector bringing together people and ideas. We are a platform for visionaries looking to create lasting legacies, a dynamic hub where your offices and families can flourish.' The evening was graced with the presence of notable speakers Ms Maye Musk and Vice-Chancellor of the University of Oxford, Professor Irene Tracey, at an inspiring fireside chat moderated by the Director-General of Investment Promotion at Invest Hong Kong, Ms Alpha Lau. The speakers shared their insights on women's influence in leadership and legacy-building with focus on the critical role of female leadership in shaping the future of business, innovation, and societal progress. The engrossing session fostered an atmosphere of collaboration, paving the way for insightful discussions and new partnerships at tomorrow's summit themed 'Hong Kong of the World, for the World'. The event also charmed visitors with a captivating Lion Ballet performance against the dazzling night view of the Victoria Harbour, amazing the attendees with the unique blend of cultural richness and the city's legendary skyline. The WGHK is going to take place tomorrow (March 26) afternoon with over 300 participants to join. The summit will not only convene principals and family members to discuss the future of wealth management in the region, but also encourage attendees to experience the city's dynamic offerings through its vibrant neighbourhoods, dynamic arts scene and strong community spirit which make the city an ideal destination for both families and businesses. Hashtag: #WGHK The issuer is solely responsible for the content of this announcement.
Bahrain News Gazette
27-03-2025
- Business
- Bahrain News Gazette
Principal dinner sets the stage for Wealth for Good in Hong Kong Summit
HONG KONG SAR – Media OutReach Newswire – 27 March 2025 – Some 130 influential family office principals and family members from the Mainland, Asia, Europe, the Americas and the Middle East gathered at a principal dinner organised by the Government this evening (March 25) to set the stage for the third edition of the annual Wealth for Good in Hong Kong Summit (WGHK) to be held tomorrow, reaffirming the city's role as a premier global hub for family offices. In his welcome remarks, the Acting Chief Executive, Mr Chan Kwok-ki, said, 'Hong Kong is a super-connector bringing together people and ideas. We are a platform for visionaries looking to create lasting legacies, a dynamic hub where your offices and families can flourish.' The evening was graced with the presence of notable speakers Ms Maye Musk and Vice-Chancellor of the University of Oxford, Professor Irene Tracey, at an inspiring fireside chat moderated by the Director-General of Investment Promotion at Invest Hong Kong, Ms Alpha Lau. The speakers shared their insights on women's influence in leadership and legacy-building with focus on the critical role of female leadership in shaping the future of business, innovation, and societal progress. The engrossing session fostered an atmosphere of collaboration, paving the way for insightful discussions and new partnerships at tomorrow's summit themed 'Hong Kong of the World, for the World'. The event also charmed visitors with a captivating Lion Ballet performance against the dazzling night view of the Victoria Harbour, amazing the attendees with the unique blend of cultural richness and the city's legendary skyline. The WGHK is going to take place tomorrow (March 26) afternoon with over 300 participants to join. The summit will not only convene principals and family members to discuss the future of wealth management in the region, but also encourage attendees to experience the city's dynamic offerings through its vibrant neighbourhoods, dynamic arts scene and strong community spirit which make the city an ideal destination for both families and businesses.
